The national debt is the value of the government's indebtedness at a moment in time. It does not increase with budget surpluses, but rather with budget deficits. The statement that the national debt exceeded $20 trillion in 2014 is also incorrect, as it actually exceeded $20 trillion in 2017.

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The National Debt

Question 78

Multiple Choice

The national debt

A) is increased by budget surpluses.
B) is the value of the government's indebtedness at a moment in time.
C) exceeded $20 trillion in 2014.
D) All of the above are correct.

Correct Answer: